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The obverse of the coin is Ethereum's fundamental outlook, while the reverse side is that new users are not choosing Ethereum. How should Ethereum long-term believers think about this?
Nonetheless, Marathon Digital’s Q1 2024 sees a 223% yoy revenue surge and 142% hash rate increase from new products and acquisitions.
The vise grip organizations like BlackRock have on bitcoin in order to fill their ETFs is a threat to bitcoin’s adoption
The Runes protocol, which launched on Bitcoin three weeks ago following its halving event, generated $135 million in fees over its first week, but activity has since fallen dramatically. May 10th was the lowest activity day on Runes by several measures, including new mints and new wallets, blockchain data show, in an early test for the new protocol.
She also warned that generative artificial intelligence was like the “kid that got an ‘F’ in math.”
Lower Bitcoin market volatility often precedes significant bull runs, suggesting that the current trend could propel prices toward the $100,000 to $150,000 range.
Blockchain data shows that the victim of a $71 million address poisoning attack last week has recovered nearly all available funds when accounting for the changes in crypto prices. Blockchain cybersecurity firm Match Systems and the Cryptex exchange participated in the recovery negotiations, according to a press release.
- 21:29ETH breaks through $3400, with an intraday increase of 2.00%The market shows that ETH has broken through $3400, currently quoted at $3401.10, with an intraday increase of 2.00%.
- 21:28Federal Reserve Beige Book: Employment overall is on the rise, future uncertainty increasesThe Federal Reserve's Beige Book noted that during the reporting period, overall employment saw a slight increase. Six Federal Reserve districts reported a slight increase in employment numbers, while six districts reported no change. Respondents from several service industries, including healthcare, continued to report growth in employment. Employment in the construction industry slightly increased, while manufacturing employment remained steady. Respondents from various industries pointed out difficulties in finding skilled workers and layoffs were still rarely reported. However, some respondents from reserve districts showed greater uncertainty about future staffing needs. The wage growth rate accelerated to a moderate level in most reserve districts, although there were also reports of easing wage pressure.
- 21:25Over the past hour, more than 50 million US dollars have been liquidated across the entire network, mainly short positionsCoinglass data shows that in the past 1 hour, a total of $50.6096 million has been liquidated across the network, including $13.7635 million from long positions and $36.8461 million from short positions.In addition, in the past 1 hour, ETH has been liquidated by $22.7998 million and BTC by $5.8789 million.